adelaideeconomicsc

By Grace Harkins The Reserve Bank of Australia (RBA) is Australia’s central bank and is independent from, but also accountable to, the government in power. The RBA has recently, early June, again surprised most economists, borrowers, and financial markets by raising the cash rate by 0.25 of a percentage point, pushing it to 4.1%. What is all the fuss about? This decision caught many off guard, as most experts anticipated that the rate would remain stable for longer than just one month. The...

By Chetan Khanna As university students, you might be wondering how this wage dispute affects you. Well, you might work in retail or fast food, or you might be studying economics and interested in how the labour market operates. Allow me to catch you up! The Australian Retailers Association (ARA) recently called for a 3.8 per cent increase in minimum and award wages for retail and fast-food workers due to percentage increase of real wages set to fall to levels similar to those in Dec 2008 as...

By Chetan Khanna Gold is widely known as the ultimate safe-haven investment, particularly during times of crisis. It's a hedge against inflation, a store of value, and a tangible asset that can be used as collateral. Despite some ups and downs, gold is a solid investment that continues to draw the interest of investors. In 2023, gold prices are expected to hit record levels, according to commodity strategists. Turmoil in the global banking sector, central banks nearing the end of their...